USD/CAD Rate Tests Former-Support Zone for Resistance
Summary
By sueyangfx.com September 22, 2020 at 01:13AM USD/CAD has come up against the former-support zone around the March/June low (1.3315) as the decline in global equity prices coincides with the advance in the US Dollar.
More On DailyFX - Market News
- US Dollar Price Action: Hawkish Powell and Potential Month-End USD Buying
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?
- Supportive USD Fundamentals and DXY Setup Ahead of FOMC

September 22, 2020 at 01:13AM
USD/CAD has come up against the former-support zone around the March/June low (1.3315) as the decline in global equity prices coincides with the advance in the US Dollar.